Staking
The staking mechanism within the CratD2C Decentralized Autonomous Smart Chain (DASC) is a fundamental and innovative feature that empowers participants to actively engage with the network, contribute to its security, and earn rewards in return. The staking process involves participants locking up a certain amount of CratD2C Coins in the platform's staking pool, enabling them to play a role in the network's consensus and governance.
Here's a comprehensive explanation of the full staking mechanics within the CratD2C DASC:
1. Participation and Staking: Participants who wish to engage in staking start by acquiring CratD2C Coins through various means, including purchases or incentives. Once they possess the required amount of coins, they have the option to stake them within the platform's staking pool.
2. Validator and Delegator Pools: The staking pool is divided into Validator Pools and Delegator Pools. Validators are responsible for confirming transactions and maintaining network security, while Delegators contribute to the consensus process by delegating their stake to Validators.
3. Validator Staking: To become a Validator, participants need to stake a minimum amount of CratD2C Coins, usually a substantial sum such as 100,000 coins. This stake demonstrates their commitment to the network's security. Validators are chosen based on their stake and reputation within the community.
4. Delegator Staking: Delegators, on the other hand, participate by selecting a Validator to delegate their stake to. By doing so, they indirectly contribute to the network's consensus. Delegators are not required to hold a significant amount of coins like Validators, making staking accessible to a wider range of participants.
5. Reward Distribution: Both Validators and Delegators are eligible to earn rewards for their participation. The rewards are distributed in the form of CratD2C Coins and are typically determined by factors such as the staked amount, network activity, and the Validator's performance. Rewards serve as an incentive for participants to engage with the network and contribute to its security and stability.
6. Annual Percentage Rate (APR): The APR represents the annualized rate at which participants earn rewards based on their staked amount. The CratD2C DASC offers competitive APR rates to encourage active participation and engagement. The APR can vary based on the participant's role (LiteBacker, TurboBacker, Validator, or Delegator) and the staked amount.
7. Re-Staking Options: Participants have the flexibility to re-stake their earned rewards periodically. This means that the rewards they earn can be added to their initial stake, compounding over time. Re-staking enhances the potential for higher rewards in subsequent periods.
8. Bonus CratD2C IP Portions: For LiteBackers and TurboBackers, there's an additional opportunity for engagement through Bonus CratD2C IP portions. These portions hold value as they make the holders eligible for biannual dividend returns, offering an added incentive for active participation and long-term commitment to the CratD2C ecosystem. 9. EcoIP Dividends: This is a unique feature. When you hold CratD2C Coins in the stakepool for a period of 6months, you get a share of the income generated by the platform's intellectual property. It's like owning a piece of a company and getting a share of its profits.
10. Enhanced Governance and Decentralization: By staking, participants also gain governance rights within the ecosystem. They have the ability to participate in voting on proposals, decisions, and upgrades, contributing to the platform's decentralized governance structure.
11. Long-Term Incentives: The staking mechanism encourages long-term engagement, commitment, and support for the CratD2C DASC. It aligns participants' interests with the network's success and growth, fostering a vibrant and active community.
Comparison Table of Staking Pools among Key Players in the CratD2C Ecosystem
Validator
100,000
15
Biweekly
YES
YES
NO
NO
Delegator
1,000
13
Monthly
YES
YES
NO
NO
LiteBacker
200,000
17
Biweekly
NO
YES
YES
Biannual
TurboBacker
300,000
20
Weekly
NO
YES
YES
Biannual
In summary, the staking mechanism of CratD2C Decentralized Autonomous Smart Chain offers a comprehensive and inclusive approach to network participation. It enables Validators, Delegators, and Backers to contribute to the platform's security, consensus, and governance, while earning rewards and potential dividend returns. This mechanism underlines CratD2C's commitment to creating an engaged, empowered, and sustainable ecosystem.
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